Trading on the stock markets : investment in stock market

Fatawa Question

[Question One] : Selamu Alaikum We Rahmetullah We Berekatuhu May Allah reward you about your articles, I have read some of them, they are very useful, I am trying to translate in our language one of them (budget deficits and public borrowing instruments in an Islamic economic system) its very interesting where I want my people to know the Islamic approach about this field of economy. Professor I`ve got your email from http://www.kahf.net and I am very happy that I have a chance to ask you about that I am concerned I would like to ask you two questions from which I want to have a direct question, and it would be good for me if you illustrate them with examples. Is trading on the stock exchange Haram ? Is it really gambling as some people say ? And what is in fact the Dow Jones Islamic market indexes, where is the difference comparing with Dow Jones market indexes ? I want to have clear Islamic concept about them. [Question Two] : Professor, I live in one country where the majority is non Muslims, from one place from West Europe. I would like to ask about trading on the stock exchange Haram ? Respectfully

Fatwa

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Publication Date

2007-10-31

Main Subjects

Economics & Business Administration
Islamic Studies

No. of Pages

3

Data Type

Fatawa

Language

English

Record ID

BIM-786645

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